Tuesday, August 26, 2008

Bad Breadth & Volume Make Good Combo

Extremely negative breadth and extremely low volume is an unusual combination. On Monday we saw this combination. Below is a quick study which looks at it:



Not a huge edge, but it appears to suggest we should see a respite and a bounce sometime soon.

3 comments:

Alex Marion said...

How do you quantify "worst breadth"? What are you using to measure breadth?

Rob Hanna said...

Good question. Poor ommission on my part. I was using NYSE up volume%. (Up volume / total volume)

Rob

Anonymous said...

It's your blog and I very much appreciate your work, but why volume as a breadth measure? Volume on any given day can be dominated by a few large names (GE earnings miss, FNM collapse/rebound, etc)